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COLUMBUS EXPECTS LONGER U.S. SLIDE Featured

Thomas Honoré, Columbus Columbus, the Denmark-based reseller and developer, expects that revenue and EBIDTA in the United States will continue to decline for the first half ending June 30. CEO Thomas Honoré said during this week's earnings webcast  that despite cost cutting and improved EBITDA for the year ended December 31, problems continue in Columbus' operations in this country.

He noted the company has changed its leadership in North America. It changed the heads of sales and consulting and is looking for a general manager for the continent. "We believe we have the right team," he said. Revenue for North America last year was about $53 million, down 13.3 percent from 2017. Honoré said the change in response to marketing during the cloud era means buyers "don't respond to old-fashioned marketing events. They search and get their information online." He said the U.S. management had been slow to adapt to the changes. Overall, revenue for last year was approximately $285 million, an increase of 53.9 percent over 2018. A substantial part of the increase came from the January 2017 acquisition of iStone. At the time of the purchase. Columbus had about $201 million in revenue for the year ended December 31; iStone roughly $95 million for fiscal 2017.

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